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, with shepard smith. >>shepard: breaking news in the coordinated attack on the united states consulate in libya and murder of the united states ambassador on 9/11. there is no apparent to it. he was absolutely murdered. lib al-libi -- libyan officials made an arrest. no one will confirm the information. u.s. officials tell fox to be "cautious," about reports of arrests. according to reuters, quoting libya's interior minister four men are in custody and under investigation suspected of helping events at the u.s. consulate. "helping." f.b.i. and others are on the ground in the early stages of the investigation. top priority here? find out whether the strike on the consulate was a planned assault by terrorists rather than a rampageing mob angry other antimuslim video. catherine is in washington, dc, first on the reported arrests. >> this afternoon, the intelligence community is trying to knock down the report. this question was put to the state department. i saw the press reports before i came down. i was not able to confirm them. obviously, it would be a good thing if we are moving forward on thi
in the united states and said to be insulting to islam. >>> u.s. drones join the manhunt for those who killed a u.s. diplomat and three other americans. concerns over the tep id response by the new regime in egypt. >> i don't think that we would consider them an ally, but we don't consider them an enemy. >> we're covering every angle of this developing story. first, let's take a step back and look at how things have unfolded over the past 48 hours. the outrage first ignited tuesday in egypt. protesters converged on the embassy. within hours, crowds gathered outside benghazi, libya. armed militants killed the u.s. ambassador and three of the staffers. today, crowds storm the u.s. embassy in yemen. riot police eventually turned them back with tear gas. also today, demonstrators turn out in iran. they aamass outside the swiss embassy, which represents u.s. interests in iran. let's get the latest now from that region. mohammed jamjoon join us. >> about 2,000 to 3,000 protesters that were marching toward the u.s. embassy, many of them aable to get close enough to the main gates. they started scali
., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: on this vote, the yeas are 170 and the nays are mented mouse is -- the motion is not adopted. those in favor say aye. those opposed, no. the ayes have it. the gentleman from maryland. mr. van hollen: i ask for a recorded vote. the speaker pro tempore: the yeas and nays are requested. those in support of the request for a recorded vote will rise and be counted. a sufficient number having arisen, a recorded vote is ordered. this will be a five-minute vote. a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: on this vote, the yeas are 223 and the nays a
and are receiving reports this morning of the attacks against the united states embsy in cairo and the u.s. consulate in bengazi in libya. in libya, our ambassador chris stevens and three other americans were killed in the service of our nation. our thoughts and sympathies today are with the families of these brave americans. these attacks remind us of the sacrifices made on a daily basisaway foreign service officers, diplomatic security personnel and our marine security guards. i joi my colleagues in strongly condemning the murder of these innocent americans, and i strongly support employing every available tool at our dissal to ensure t safety of americans overseas and to hunt down those responsible for these attacks. yesterday, we commemorated the anniversary of the attacks of september 11, and today we are reminded that brave americans serve us every day at the risk of their own lives. we honor the americans we lost in libya and we will stand united in our response. among the things we can agree on in washington is that the attacks on the u.s. and its representatives ll be met with r
be a movement for the united states to withdraw to fortress america, to renounce our -- our -- our service to the world in helping these countries achieve the same democracy and freedom that our forefathers strived for? i do not mean to use his death as any kind of political agenda, but i think my friend and i remember him well enough to know that the worst outcome of this tragedy wod be for the united states to withdraw. in fact, i am confident that if he were here, he would be urging us to get right back in, get -- bring these extremists to justice and press on with the democracy and freedom that the people of libya deserve and have earned at great loss of blood and treasure. mr. lieberman: mr. president, i couldn't agree more with my friend from arizona. it would -- it would really dishonor the service of chris stevens and the three other americans who served us in libya if their murders by these extremists led us to retrench and pull out of libya and stop supporting the new libyan government, democratically elecd, pull out of other parts of the arab world. that would be exactly the opp
they hear that the president of the united states is no longer necessarily categorically calling egypt an ally? >> reporter: well, you know, quite honestly there's been a lot of confusion about what the u.s. role is right now and how the u.s. feels about egypt. before our revolution began, there was and continued to be a lot of anti-u.s. sentiment because of this support by various u.s. administrations for dictators in this region. but hearing the statement today, i think people are thinking, all right, well, whose side are you on because we're trying to get this revolution working and it has definitely confused a lot of people. >> all right, thank you so much for your time. i want to go directly to golden, colorado, where the president is speaking about the four who were killed in libya. >> serve in difficult and dangerous places all around the world, to advance the interests and the values that we hold dear as americans. and a lot of times their work goes unheralded, it doesn't get a lot of attention. but it is vitally important. we enjoy our security and our liberty because of the s
or government of libya. >> warner: the president said the united states would work with the libyan government to track down the perpetrators. >> today, we mourn four more americans who represent the very best of the united states of america. we will not waver in our commitment to see that justice is done for this terrible act. and make no mistake, justice will be done. >> warner: for now, the pentagon ordered special units of marines to libya called "fast" teams, like this detachment shown training, to reinforce security at diplomatic sites in libya. and from tripoli, the president of libya's national assembly echoed the words of his american counterparts. >> ( translated ): we apologize to the united states of america and to the american people and to the whole world for what happened, and at the same time we expect the rest of the world to help us face these cowardly criminal acts. we refuse to use our country's land as a scene of cowardly reprisals. >> warner: those reprisals came apparently in response to internet clips of a film titled "the innocence of muslims" that crudely defamed the
and egypt follow tuesday night's storming of the united states consulate in the libyan city of benghazi. the u.s. ambassador christopher stevens and three other staff members were killed in the attack. stevens is the first u.s. ambassador to be killed on duty since 1979. on wednesday, president obama vowed to bring to justice those responsible for the deaths in libya. >> the united states condemns in the strongest terms this outrageous and shocking attack. we are working with the government of libya to secure our diplomats and have directed my administration to increase security at posts around the world. make no mistake, we will work with the libyan government to bring to justice the killers who attack our people. >> the obama administration has dispatched an elite group of marines to the libyan capital of tripoli. in addition, two u.s. warships are reportedly headed towards the libyan coast and the u.s. has redeployed surveillance drones over libya. protests against them have also occurred in iraq, iran, tunisia, and bangladesh. >> at the center of the controversy is an online trailer
shakes the resolve of the united states of america. >> earlier today secretary of state hillary clinton stepped up her criticism of the anti-muslim film that first prompted the protests. >> to us, to me personally, this video is disgusting and reprehensib reprehensible. it appears to have a deeply cynical purpose to denigrate a great religion and to provoke rage. >> joining me now live from cairo, nbc's similar maceda. give us the best description of how things are right now. >> reporter: well, ironically benghazi remained calm today. if you look at it, perhaps the libyan government's quick crackdown there on those alleged perpetrators. four individuals were arrested today. there's a manhunt going on that might have had a tamping-down effort. even there in benghazi, the u.s. government is taking no chances. we understand that all u.s. personnel has now been or have been evacuated to tripoli and only emergency staff are kept at the embassy here. here in cairo it's another 24 hours of protests against that made in usa anti-islam film. overnight last night some dramatic scenes near the u.s
to building bridges between the united states and the arab and muslim world, particularly libya. and i think this is going to sour a lot of americans about the future trajectory of the middle east, about the direction in which the arab spring is headed. and i think particularly this is tragic for syrians. syrians who are now under siege or around 20,000 syrians have been killed by the regime of assad and i think many syrians were hoping for an outside intervention or outside aid to provide some type of save zones. and i think the reality is that after the united states and nato had gone into libya it oust gadhafi, i think there will be far less appetite to want on do anything in syria. >> probably also raises huge questions about money from america that is going to fund some of these governments particularly in egypt where it's $1.5 billion plus another billion that was being put together in a package right now. how do you think that plays out in congress at this point? >> that's absolutely right. egypt is a country which has i think the second or third largest aid package from the united st
before about soaring oil prices and mitt romney and the plan to get the united states of america, energy independent by 2020. and the fact that the keystone pipeline locked by barack obama. off the coast of virginia, the obama administration is blocking the creation of new jobs and oil exploration, and the middle east and the strangle hold that the middle east has on our economy, will be a major issue in this election, and it's all about the economy. >> and it's all about the economy, and i want it know where we see mitt romney break out and take a convincing lead. and you said, incouple bent always lead at labor day, when does mitt romney jump out ahead. when? >> stuart, i think it's going to be a classic sweet 16 kind of final four matchup where you have an underdog, which clearly, any challenger, including mitt romney is an underdog that hits the three-point shot at the end and the grass roots win and we take our country back and that's how this is going to play out. >> i'm going to wait until october before i see a breakout. >> absolutely, and i did mix metaphors, basketball and foot
. >> the united states condemns in the strongest determines this attack. we will work with the libyan government to bring to justice the killers who attacked our people. >> obama said the attack will not break the bonds between the countries. the president of libya's national assembly apologized at a news conference in tripoli. mohammad garias acknowledged that film insulted the prophet muhammad. still, he said retaliatory attack cannot be tolerated. the film at the heart of the protests has angered people across the middle east. it depicts the prophet muhammad and includes scenes of sexuality. hundreds of egyptians protested for a second day in front of the u.s. embassy in cairo. authorities have sent in more security forces to watch them. >> translator: i'm deeply hurt, seeing the prophet insulted. the u.s. should give consideration to the sentiment of muslims. >> the protests spread to tunisia, jordan, and morocco. part of the film is now online. many muslims consider any depiction of the prophet muhammad offensive. >>> the wait is over for those queueing up to see the latest lineup of produc
president morsi is in europe and he wants imf money and money from the united states, so the last thing he wants now is to alienate western opinion. >> we go to tripoli. there is a bit of a delay on the line. obvisly, given the death of the american ambassador and the u.s., the obama response to that, give us a sense of the mood, the tension in the country -- in the country today. >> i can tell you that the indians have taken to the streets, albeit in small numbers -- libyans have taken to the streets, albeit in small numbers, soon after the announcement of the death of the ambassador to libya. a lot of people here are very angry. they are also worried about the implication this will have diplomatically, and and a wider context, worried about foreign countries thinking twice about setting up shop here in the future. a lot of people angry, mainly, by what happened. they don't want to be seen in that light. they said that the transition period is difficult enough as it is, and there are a lot of challenges ahead. they are looking to build stronger ties with the west, which they see that they
. it was happening. in the last election, 2008 the jewish vote in the united states when 78 percent president obama. >> if you ask me about the policy of president obama regarding is relevant to you president obama was not a friend of israel. stuart: that is where i have to hand it. dagen and, carry it forward. charles: you'll be interested, we have a big story that just came in. sports related. dagen: everyone listen to this breaking news. you will want to hear it. the owners of the boston red sox have begun quietly shopping the team and are mulling a potential sale of the story baseball franchise. charles: well, charlie gasparino is the one breaking business. he joins us on the telephone with some details. >> reporter: well, full disclosure, this is coming from a yankee fan. [laughter] taken for what it's worth. people with direct knowledge of the situation, here's what we know. the boston red sox management is quietly shopping the franchise. they have had an internal discussion about selling the boston red sox. they have talked to at least one person i know about the potential sale of the price
, we'll cut it back to only one conflict. if i'm president of the united states we'll restore the military commitment and keep america strongest military in world. >> romney has taken heat for criticizing the statement from the cairo embassy about the attacks. he is not backing down. secretary of state hillary clinton and the state department middle east desk objected and the message was removed from the website. today on capitol hill, g.o.p. leaders began echoing romney's criticism. >> this is a moment for americans to show the closest allies in the middle east we stand with them unequivocally, unequivocally, no mixed signa signals. >> republicans united behind romney on offense and ridiculed the president for causing confusion in his government and party to suggest egypt is not a true american ally. >> bret: carl cameron up the road in arlington, virginia. thank you. >>> federal investigators say health and human services secretary kathleen sebelius violated federal law by cam paping for president obama -- campaigning for president obama. office of special counsel said she m
? >> the united states cannot afford to flee under fire. , should send in additional marines to maintain the diplomatic presence. this raises questions of the accountability of government at best at worst it was complex set. for the united states to subsidize the government is of the blast in washington and. >> but we are. we just decided to forgive $1 million of debt that they owe us back a policy question with egypt is too big to fail. it has lost more than two-thirds of hard currency reserves. at first it was about economics and corruption. they were caught by surprise like the united states. if we keep subsidizing the egyptian government do we give them free rein? remember egypt's president has not apologized the way the libyan president has. gerri: we have a long way to go. byron,, mitt romney responded to the embassy comment in cairo condemns the continuing efforts of individuals to hurt the religious feelings as religious believes is the cornerstone of american democracy. we reject the actions of universal free-speech to hurt others. romney said falling that. >> day clearly send m
and the united states. libya, for example, has brought its oil industry back online. it is pumping more than i believe a million barrels a day. these are essential to the oil markets internationally and to the price of gas here in the united states. so it's not just oil. it's also international security. it is future of israel. it is our long-term interests in the middle east. melissa: is it working? i hear what you're saying and you look at pictures and see what happens, you have to ask yourself is it working? >> of course those of us who have been out there, we're shocked and we're obviously very, very saddened by these events and our first reaction of one, gee, why does this happen? what we have to do is first of all see what the governments will do in response to these attacks. they have an absolute responsibility to protect embassies and diplomatic establishments. this was not done at all in the case of egypt. the libyans tried. there was a major gunbattle with terrorists involved. we have to see in days ahead how these governments react. i think we should withold judgment on the next ste
that insulted the little darlings feelings. >> the leader defended the united states of america and said there will be consequences if you attack this country. >> weekly standard kol lull nift bill crystal wrote, romney is right to bring home the weakness of the obama administration, exemplified in the disgraceful statement issued yesterday. if romney can prove strong and thoughtful over foreign policy it could be an infliction point in the presidential campaign. richard wolffe, i don't doubt this an inflection point we led into the show with mitt romney talking about making america stronger and again beating this drum of conflict overseas. one point he said there's only one conflict allotted in the president's defense plan as if americans have some sort of blood lust for going into various countries around the world and engaging militarily. do you think the gop can turn this around for mitt romney? >> no. there are a couple of problems, major problems, that mitt romney has underscored with his performance over the last 24 hours. one is that, as a challenger, especially against an incumb
. he is the chairman of the council on foreign relations and the former secretary of the united states treasury. he joined the clinton administration in 1993, serving in the white house as an assistant for economic policy in the first director of the economic council. he served as our nations secretary of the treasury from 1995 to 1999 and from 1999 to 2009 he served as a member of the board of directors and a senior adviser to that company. from that point on, he has served in various communities and community organizations and at this time, those who need his talent. we are privileged here to have a distinguished american with us take his time and service about this issue which we believe is so important to our country and our future. thank you for joining us and thank you for testifying before us. we appreciate your presence. >> one word, i think the secretary treasurer -- the last time we were trying to figure out what was going on -- >> that is true, sam, we decided to do something to get rid of them. >> we are glad to have you. >> he knows about budgets because he led an executiv
to have more competitors, last year the united states had like 87% of the global market, 60 some odd billion dollars. what you'll see is they will not have as high of a share. i think the u.s. company share will drop back closer to 50%. >> tom: does the market shrink as well? or does that market continue to grow even with more competitors? >> well, the market grew substantially this year, primarily because of the threat that many middle east countries perceive from iran so, that was the big uptick in the global market. but again i think that the competition will be in what we call the developing countries, europe is not increasing its defense budget, our budget is going to, it's already going down and it probably will go down even more, even if we don't get sequestration, you will see further reductions as we try to grap well the deficit. >> tom: what's your best guess on this, i know you're in the a company analyst, but do you think this deal passes regulatory muster internationally? >> i think it will, because we had the same questions back in the 90s when we had, for example, lock
energy strategy. the document calls for a nonnuclear country. but the united states has expressed deep concern over move. the policy chief of japan's ruling democratic party is visiting washington. seiji maehara met the u.s. deputy secretary of energy, daniel poneman, to brief him on the draft. the japanese government will take various steps and direct resources to halt all reactors by the 2030s. japan's future energy policy will be based on three principles. the operation of any nuclear plant will be limited to 40 years, suspended facilities will need to have their safety confirmed before they can resume operations, and no new reactors will be built. but the policy insists that nuclear reactors should be used as a transitional measure. maehara said poneman urged japan to minimize the negative impact of the policy on fossil fuel prices. poneman reportedly said japan should try to reduce its stocks of plutonium from spent nuclear fuel. maehara said poneman also told him the u.s. will support japan's efforts to diversify its energy sources. >>> it's hard for the world to really understan
response to the crisis in the united states where we have seen what happens if banks are a threat to the system. it is a long procedure and germany has said maybe not all 6000 banks should be placed under it. those that are really important for the system -- we will snkino come. >> thank you. the commission cost plans for deeper fiscal integration and the german court ruling are steps berlin and brussels hope will and the financial 12 -- financial turmoil. >> the developments are being met with cautious optimism that europe might finally be getting on track to solving its financial problems. we talked to one analyst and they talked about with this decision means for them. >> their famous for all types of cutlery. plates are from all over the world, shipped to shops all over the european union. the court has kept german liabilities at 190 billion euros. this this this man says it's a great deal of money, but he still believes the esm is the right course to take. >> naturally, it's a question of solidarity in special cases. for that, you need a bailout fund. >> he stayed close to th
our grounds are being attacked and being breached, that the first response of the united states must be outrage. >> the administration sent mixed signals to those who attack our embassy in egypt and mixed signals to the world. >> reporter: now the world waits to see who will be held responsible for the death of a diplomat. and back to the politics of it all. you know, even some republicans are criticizing mitt romney for jumping into this so quickly while events were still unfolding. and mara, as of this morning, are still unfolding in the middle east. >> all right, tracie potts. thank you very much. >>> new census bureau figures on income, wealth, and poverty for 2011 paint a bleak economic picture. median household income dropped 1.5% last year to just over $50,000 a year. that's over 8% lower than in late 2007 when the recession began. in contrast, income for the wealthiest 20% of americans went up 1.6% last year. 2011's income gap between the rich and the poor grew to the widest in more than 40 years. and while a proportion of americans living in poverty did not rise for the firs
for a permanent display in emancipation hall of the united states capitol. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: i ask unanimous consent, mr. president, that the bill be read three times, passed, the motion to reconsider be laid on the table, with no intervening action or debate, any statements related to this matter be placed in the record as if read. the presiding officer: without objection. mr. reid: i now ask consent that the senate proceed to s. res. 551. the presiding officer: the clerk will report. the clerk: s. res. 51, commending the four american public servants who died in benghazi libya, including ambassador j. christopher stevens for their efforts on behalf of the american people in condemning the attack on the united states consulate in benghazi. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: mr. president, i now ask that the resolution be bread to the preamble be agreed to, the motion to reconsider be laid on the table, with no intervening action or
that by hundreds of companies from the united states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world with a global footprint, good balance sheets. in a sea of uncertainty and lower returns one of the things you want to learn is a share of a growing stream of earnings and dividend and speculate by low-quality stocks, there is a lot that can go on but you want return and you do have to own the higher-quality companies and the global footprint. you have to have some of your money in those. dave: there was one this sense that this vote. you think richard fisher, head of dallas fed where you used to work if he was a voting member as he used to be that he would be anot
the result of the united states of america. >> administration officials say they are there to contain protests and violence in yemen, egypt and around the region. back to you. liz: and dropped us if is any more news. that is the latest picture. this affects the markets and some way shape or form. it is being completely overwhelmed. this will continue as long as the federal reserve sees weakness. back here live at hewlett-packard headquarters in a fox business exclusive. a lot if you own this stock. coming up, the transformation of a company that has been under fire for several years now. we have the products over our shoulders here and the woman in charge who stepped up to the plate and said i am the one who believes i can really turn this company around. right here exclusively from the headquarters of hewlett-packard. ♪ everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the s
aren't moving anywhere. it's on hope they can get it rationalized. united states is on fire and everyone keeps saying why can't we buy ford. because of latin america and europe. >> facebook, a bit backward looking, but the best day yesterday since that ipo. it's almost you can't say ipo without saying botched ipo. that's the way everybody says it. was there a turn yesterday? >> i think that you're going to have a well p like situation is what people hope. yelp was a giant lock up that expired and all the shorts were piled on. it went up seven. you have to bet that everyone is overly short facebook to get this thing going. i think it's more of the dynamics of the lock up in actual earnings. >> the big lock up is coming november and by november, we'll have more than a million shares hit the market. >> that's a big lock up to overcome. >> aig was remarkable. had 600 million shares hit, but aig of course was valued at half book. facebook, not valued at half book. >> taking a look at the financials, it is worth noting because xlf closed at five-month highs. taking a bit of a brea
improves, which is what seems to be happening in europe, which may be china stimulus, united states, then there's room enough for everybody. i think boeing is a dirt cheap stock and i really urge people to buy this. i've been doing it for my charitable trust. let's go to ira in california. ira. >> caller: hey, jim, this is ira, former marine corps captain serving in the first gulf war and a resident of passaic, new jersey. i've got a question about annalie. i want to do it as quick as possible so i don't get cut off over here. >> no, that's okay. >> caller: prior to the fed coming out this morning i saw a downgrade from some loon that has a 15.50 target on it and its concern is they only have a 50% profit margin versus chimera and agc which has 97% and 87%. enough of that. >> right. >> caller: my questions are -- i've got two little questions. i always do my research, but one thing i don't understand is now that the fed came out and he's buying back mortgage-backed securities at a rate of $40 billion a month -- >> right. >> caller: -- one, i don't know how that's going to affect a a
united states must be outrage. >> the administration sent mixed signals to those who attacked our embassy in egypt and mixed signals to the world. >> reporter: the world waits to see who will be held responsible for the death of a diplomat. >> reporter: even some republicans criticized romney for jumping in while events were still unfolding. mara. >> right now there are reports of protestsers storming the u.s. embassy in the yemeni capital. once inside the compound, the mob brought down the u.s. flag and burned it. witnesses say security forces have opened fire on the crowd. >>> well, when it comes to what many see as mitt romney's missteps in the aftermath of the attack, last night on "politics nation," they spoke about what romney needs to do in response. >> before you make statements, get your facts straight. at night with the crush of other events going and i'm sure people running in and out telling this is happening, that's happening, let's get a statement out, they did it wrong. they didn't get their facts straight. he should take it back and he should express condolence to the dipl
in france, germany, the uk and the bae largest customer, the united states. so where do we go from here? katherine boyle joins us, she's been writing about this online. a very good morning to you. let's talk about the impediments to something getting done. which is the biggest one in your opinion? >> well, i don't think you're going to see much political interference actually because i've heard from sources that in fact the main government evolved in the european side have all been consulted off the record and have given the nod. of course that didn't mean that there aren't other governments that could cause some trouble. as you mentioned, be have boeing, but we also have lockheed martin and northrup who are even bigger players in the defense market. >> and it raises the question is it a bigger deal for civilian air space market or defense. and obviously it's defense. >> the u.s. defense market which is still the world's biggest by several multiples. and why there's been a lot of noise about saudi arabia and china and other countries which are sort of bunch onin burgeoni. >> they need t
the unemployment problem here in the united states. >> yeah, i agree with you on that, bill, but i just want to make a point that i've heard a lot of politicians talk about unemployment. i've not heard any single person talk in a more impassioned way. you can agree or disagree with his prescription, but as far as i can tell, he's the only one in the political establishment doing anything about it. so i think that's an important thing. and that's one of the reasons why, you know, he feels -- he's pointing out that fed policy is not a panacea. he needs help from the fiscal side. >> how come we're not getting it, steve? is it just because washington is so broken? >> i think it's so broken, and i think no side is willing to give the other side any advantage whatsoever until the election clarifies. >> i think that's outrageous. i think that's outrageous, really. i do. >> but it's the reality we face right now. lance roberts, what strikes you about -- i mean, are you hopeful that the economy can get better as ben bernanke suggests, or are you more concerned about what the implications are for this
.s. universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're coming up with solutions, technical solutions to that in cyber security, in wireless communications. those things have direct applications to the commercial marketplace and we can create companies around those and go to market here in the u.s. with them. >> give me some examples where in the past, defense oriented technologies or defense developed technologies have become a successful private market products and tell me as you think about this intellectual property that the government owns, what do you think has the most promise now for the next gen products? >> dod labs had had long been a rich source o
-thirds of the united states. and the corn crop is going to be really reduced because of it. and if you planted 80 million to 85 million acres of corn and we had the same drought, you'd still have the high price of grain that we have right now but you wouldn't have ethanol to blame for it. so the marketplace is bringing about the increased production of corn because of feed, fuel and fiber, and -- and you should not be scapegoating ethanol because if we didn't have ethanol to blame, we wouldn't be planting 95, 96 million acres of corn, we'd be planting about 80 million to 85 million acres of corn and we'd still have the same problem, the same high price, the same problem for the poultry producers. now to the point that i came to the senate. we all recognize that our nation faces challenging times. we've had years with unemployment at unacceptable levels and anemic economic growth that shows no sign of lifting us out of the situation. meanwhile, rampant government spending, which we were promised would jump-start the economy and create jobs, has instead displaced private-sector investment and choke
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